Elridge Energy signs MoU with Orion for palm kernel supply

Quick Summary:

Elridge Energy Holdings Bhd’s wholly-owned subsidiary, Bio Eneco Sdn Bhd has entered into a memorandum of understanding (MoU) with PT Orion APAC Indonesia (Orion) for the sale and purchase of palm kernel shells.

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Elridge Energy, in a filing with Bursa Malaysia, said the contract also includes an option for automatic renewal for an additional three years, subject to renegotiated terms and conditions.

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Article Details

Category: EconomyBusiness

Markets: MalaysiaIndonesia

Topics: SustainableEnergy OrionPartnership ElridgeEnergy Corporate News BioEnergy RenewableResources PalmKernelShells /Business/Business News

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-05 @ 00:00:00 (10 hours ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 190 words

Reading Time: 2 minutes read

Sentences: 5 lines

Sentence Length: 38 words per sentence (average)

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Copyright Owner: © The Star

News ID: 22369598

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